Oman leverages non-oil sector development to propel economic growth
Oman | Economy
Oxford Business Group has launched The Report: Oman 2023, highlighting how the sultanate is diversifying its economy, and accelerating privatisation and Omanisation. Supported by a robust and well-regulated banking sector, the country has renewed efforts to prepare for a post-oil economy by developing the financial technology ecosystem to increase financial inclusion, as well as introduce legislative reforms to enhance the business environment and generate investment from the private sector. The Report also shines a spotlight on the sectors that are ripe for growth which include tourism, manufacturing, energy, ICT, transport, mining and agriculture. Another key focus area is the development of special economic and free zones, including an analysis on the role that infrastructure improvements, incentives and concessions are playing in attracting investors in high-potential industries in these designated areas. For more information and in-depth analysis from public and private sector leaders and on-the-ground experts, read The Report: Oman 2023.